“A top Federal Reserve official said on Tuesday that European debt woes pose a risk to the US economic recovery, but expressed confidence the danger of contagion was small.
‘It’s hard to see a banking crisis,’ St. Louis Federal Reserve Bank President James Bullard told Reuters Insider in an interview.
‘It might be expensive, there might be other ramifications, but it’s hard to see a global flare-up,’ he said.” Read more.

“US exposed to Europe debt woes: Fed official”
Moneycontrol.com News Center, May 26, 2010.

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